Yitzhak Hagag, Co-Founder and Chairman of Hagag Development Europe, talked to Property Forum about the company's investment pipeline north of €360 million and its ongoing developments in luxury retail, offices, residential and mixed-use projects.
Hagag Development Europe has resumed construction works for Phase I of its H East Residence project and plans to deliver the first homes in Q4 2026, following an investment of €43 million.
The net profit of Romania's major companies has seen a slight decline of 1.6% in 2024, while their debts have surged by €11 billion, reaching a total of €239 billion.
Agroland Group, specialized in retail, agribusiness, food production, and animal nutrition, has secured nearly €1 million in grants through the Modernization Fund to develop four photovoltaic power plants with a total installed capacity of 1.62 MW.
Froneri, one of the world's largest ice cream companies, has agreed to acquire the European ice cream business of Food Union, including the Romanian brand Alpin.
Power producer Electrica has finalized and commissioned a photovoltaic park with a capacity of 27 MW in Satu Mare county.
Tech giant Apple announced a significant expansion of its clean energy projects across Europe, including a long-term agreement to procure power from a 99MW wind farm in Romania.